A Loan to Fit Your Needs
Whether you're looking to consolidate debt, redecorate your home, or host a milestone celebration, a low-rate personal loan can be an affordable option.
| » | Apply online in just a few minutes | » | No collateral/security is required |
| » | Choose a short or long repayment term – up to 60 months¹ | » | Complete the loan process from home – no trips to a branch |
| » | Pay off as early as you’d like with no pre-payment penalty | » | Once approved, it takes about 15 minutes to complete your loan |
| » | Lock in a low rate with fixed payments | » | Never pay an application fee, origination fee, or early payoff fee |
| » | Borrow as little as $500 to as much as $25,000 | » | Both Members and non-Members² are welcome to apply |
- Apply online in just a few minutes
- Choose a short or long repayment term – up to 60 months¹
- Pay off as early as you’d like with no pre-payment penalty
- Lock in a low rate with fixed payments
- Borrow as little as $500 to as much as $25,000
- No collateral/security is required
- Complete the loan process from home – no trips to a branch
- Once approved, it takes about 15 minutes to complete your loan
- Never pay an application fee, origination fee, or early payoff fee
- Both Members and non-Members² are welcome to apply
A Lower Rate Means Higher Savings
Is a Personal Loan the Right Option?
A Personal Loan allows you to borrow one lump sum of cash without collateral. The payment and rate are fixed for the life of the loan. (Looking for a revolving credit line? Click here.)
Personal Loans are a great option when you want steady payments that will work for your budget. Getting the full loan amount up front gives Members the freedom to move forward with major purchases.
What Could You Do with a Personal Loan?
 Make Home Improvements |
 Pay for a Wedding or Major Event |
 Consolidate High-Interest Loans and Credit Cards |
 Take a Dream Vacation |
 Pay for the Unexpected, Like Vehicle Repairs |
 Start a Small Business |
A Personal Loan allows you to borrow one lump sum of cash without collateral. The payment and rate are fixed for the life of the loan. (Looking for a revolving credit line? Click here.)
Personal Loans are a great option when you want steady payments that will work for your budget. Getting the full loan amount up front gives Members the freedom to move forward with major purchases.
What Could You Do with a Personal Loan?
Make Home Improvements
Pay for a Wedding or Major Event
Consolidate High-Interest Loans and Credit Cards
Take a Dream Vacation
Pay for the Unexpected, Like Vehicle Repairs
The average American has more than $6,000 in credit card debt. And with rates on credit cards averaging more than 16% APR, paying off debt can be a serious challenge for many.³ That’s why many look to consolidate debt by combining balances owed to several creditors into one manageable payment. It can be a smart way to simplify your budget and lower expenses by reducing your interest rate, the time it will take to pay off debt, and in some cases, both! Use this calculator to see if consolidating debt makes sense for you.
Our Associates are also available to help you weigh your options. Call us to start the conversation: (888) 354-6228
The average American has more than $6,000 in credit card debt. And with rates on credit cards averaging more than 16% APR, paying off debt can be a serious challenge for many.³ That’s why many look to consolidate debt by combining balances owed to several creditors into one manageable payment. It can be a smart way to simplify your budget and lower expenses by reducing your interest rate, the time it will take to pay off debt, and in some cases, both! Use this calculator to see if consolidating debt makes sense for you.
Calculator: Will consolidating my debt into a new loan be beneficial?
Our Associates are also available to help you weigh your options. Call us to start the conversation: (888) 354-6228
Personal Loan Rates
|
Annual Percentage Rate (APR)¹ |
Terms in Months |
Minimum Loan Amount |
Estimated Payment per $1,000 Borrowed |
|---|---|---|---|
|
11.50% - 20.50% |
12 |
$500 |
$44.32 - $46.46² |
|
11.50% - 20.50% |
24 |
$1,000 |
$46.86 - $51.17 |
|
11.50% - 20.50% |
36 |
$3,000 |
$32.99 - $37.44 |
|
11.50% - 20.50% |
48 |
$4,000 |
$26.10 - $30.72 |
|
12.50% - 21.50% |
60 |
$5,000 |
$22.51 - $27.36 |
Effective April 1, 2024. Subject to change anytime.
|
Annual Percentage Rate (APR)¹ |
Terms in Months |
Minimum Loan Amount |
Estimated Payment per $1,000 Borrowed |
|---|---|---|---|
|
11.50% - 20.50% |
12 |
$500 |
$44.32 - $46.46² |
|
11.50% - 20.50% |
24 |
$1,000 |
$46.86 - $51.17 |
|
11.50% - 20.50% |
36 |
$3,000 |
$32.99 - $37.44 |
|
11.50% - 20.50% |
48 |
$4,000 |
$26.10 - $30.72 |
|
12.50% - 21.50% |
60 |
$5,000 |
$22.51 - $27.36 |
Effective April 1, 2024. Subject to change anytime.
Resources
- Prepare for the Unexpected (Debt Protection)
- Save on Insurance Policies (Free Quote)
Tools
- Calculate Your Payments (Calculator)
- Should You Consolidate Debt? (Calculator)
- Create a Budget (Worksheet)
If you are considering debt consolidation, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple debts means you’ll have a single monthly payment, but it may not reduce or pay your debt off sooner. The payment reduction may come from a lower interest rate, a longer term, or a combination of both. By extending the loan term, you may pay more in interest over the life of the loan. By understanding how consolidating debt benefits you, you’ll be in a better position to decide if it’s the right option.
¹Maximum loan term may not be available for all loan amounts. Refer to table below for list of maximum loan terms and the corresponding minimum amount borrowed. The Credit Union reserves the right to limit loan amount based on individual creditworthiness.
| Terms in Months | Minimum Loan Amount |
|---|---|
| Up to 12 | $500 |
| Up to 24 | $1,000 |
| Up to 36 | $3,000 |
| Up to 48 | $4,000 |
| Up to 60 | $5,000 |
²You do not have to be a current Member of Orange County’s Credit Union to submit a loan request or check your rate. However, should you decide to move forward with accepting a loan offer, a Membership must be opened. Membership in Orange County's Credit Union is available to anyone who lives or works in Orange, Los Angeles, Riverside, or San Bernardino Counties. Don't live or work in our area? You may also qualify if your immediate family member banks with us. Ask us for details. Membership fee is $5.
Immediate Family Includes:
Spouse
Child
Sibling
Parent
Grandparent
Grandchild
Stepparent
Stepchild
Adoptive Relationships
⁴Sources: Nerdwallet, FRED Economic Research